Israeli Bank Which Profited From Holocaust Forced To Settle With Survivors
One of Israel's largest banks, Bank Leumi, has agreed to an out-of-court settlement after being sued by the descendents of victims of the Holocaust. The Bank kept money deposited by over 3500 European Jews who were later killed in the Holocaust, and profited from those funds rather than returning them to surviving family members.
Swiss banks which profited from the Holocaust were sued by survivors and families several years ago, and forced to pay hundreds of millions of dollars back, which had been gaining interest for the Bank since the depositors were killed in the early 1940s.
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